Glancy Prongay & Murray LLP Announces Investigation on Behalf of Wayfair Inc. Investors (W)
LOS ANGELES--(BUSINESS WIRE)--Jan 16, 2019--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Wayfair Inc. (“Wayfair” or the “Company”) (NYSE: W ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On November 1, 2018, Wayfair issued a press release announcing a net loss of $151.7 million ($1.69 per share) for the third quarter 2018, compared to a net loss of $76.4 million (or $0.88 per share) for the third quarter of 2017. The Company attributed the loss to a 43% increase in advertising expenses.
On this news, the price of Wayfair stock fell more than $14 per share, or approximately 13%, to close at $96.16 per share on November 1, 2018.
If you purchased Wayfair stock, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9244, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190116005780/en/
CONTACT: Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2019.
PUB: 01/16/2019 06:00 PM/DISC: 01/16/2019 06:01 PM